Year-End is Hectic: Consider Options for Making it Easier in 2023
For many payroll professionals, year-end task lists and unforeseen compliance issues are a source of major stress. This is why our Wise certified payroll experts work hard to support clients with year-end help and guidance. However, sometimes payroll teams don’t know they will need help until they are deep in year-end, halfway through December when…
A Secret Tool to Increase Payroll Efficiency, Accuracy and Compliance
Without regular evaluations and updates to keep the payroll process updated, a company can get sucked into a quagmire of tax and compliance issues, ultimately leading to audits and hefty fines for simple mistakes that fly under the radar. The creep of increased manual work can also plague payroll teams as they get too…
Do You Have Payroll Coverage to Handle the Wave of PTO Requests?
Summer 2021 is already looking busy and brimming with potential. Employers are witnessing day-to-day operations stabilize after a tumultuous year, employees are feeling more secure and empowered at the workplace, and everyone is looking forward to a vacation. We sat down with Anita Kulik, CPP and Payroll Consulting Manager at Wise, to discuss best…
Thoughts from a Consultant: What’s at Stake for Payroll Teams?
2020 has been a year of uncertainty, change and, quite frankly, anxiety. That’s why many of us are looking to 2021 as a fresh start that allows us to turn a page and finally close out this year’s tumultuous chapter. Yes, this anticipation is real and should be enjoyed, but the reality is that COVID-19…
As we Approach 2021, Payroll Continuity is More Important Than Ever
If 2020 has taught us anything, it’s this: payroll continuity is important. In the corporate world, payroll continuity means your business’s continuity. If your payroll process experiences a blip, it can be disastrous for employees, the backbone of your company. That is why you need protection in place to preserve your payroll continuity no matter…
Tax Jurisdiction Registration – A Necessary Evil
With year-end approaching (hello, September!) in a year that has been riddled with irregularities, getting ducks lined up is imperative. This includes completing vital tasks such as tax jurisdiction registration. It’s not always fast or easy, but you can’t complete W-2’s without those pesky withholding account numbers. Here, the Wise tax team shares some things…
COVID Considerations for Open Enrollment
Nothing is going untouched by the pandemic in 2020, open enrollment included. Much of the impact will be unique to each organization based on their experience of navigating the past four months of COVID-19 issues. Not all industries have been challenged in the same ways, not all employee populations have suffered the same rates of…
You Could be Eligible for More COVID Credits Than you Think
At Wise, we are hearing from companies who either don’t think they can claim any payroll tax relief through the FFCRA and CARES Acts, or who are wondering if they should bother trying. Our tax team understands that it’s easy to feel overwhelmed because tracking payments and credits sounds like a lot of work on…
How COVID is Changing Payroll and Year-End
How bad will 2020 year-end be for people who are not preparing now? “It’s going to be bad,” predicts Cory Makle, FPC, Client Payroll Specialist with Wise. “Because of everything that’s going on, starting now is a good idea. If you’re not looking up until later, you are going to have problems. You definitely have…
Flexible Managed Payroll – Getting Help Without Breaking the Budget
While outsourcing an entire payroll process to experts works for many companies, what about when all you need is help with reporting, mass imports, garnishments, taxes or another payroll function? Particularly this year, with the various pandemic-response Acts, changes to forms and the vastly increased need for tracking, auditing and reconciliation, many companies are in…
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